Li Auto Inc. (NASDAQ:LI) Receives Average Rating of "Hold" from Analysts

Li Auto Inc. (NASDAQ:LI - Get Free Report) has been assigned a consensus recommendation of "Hold" from the eight research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $32.85.

LI has been the subject of a number of analyst reports. Cfra Research upgraded Li Auto to a "strong sell" rating in a research report on Friday, March 21st. Macquarie lowered Li Auto from an "outperform" rating to a "neutral" rating and set a $27.00 price target for the company. in a research report on Monday, March 17th. HSBC set a $38.50 price target on Li Auto and gave the company a "buy" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. upgraded Li Auto from a "neutral" rating to an "overweight" rating and upped their price target for the company from $22.00 to $40.00 in a research report on Friday, February 28th. Finally, Nomura Securities upgraded Li Auto to a "hold" rating in a research report on Monday, March 17th.

Li Auto Price Performance

Shares of Li Auto stock traded down $0.52 on Friday, hitting $27.82. The company's stock had a trading volume of 3,157,523 shares, compared to its average volume of 5,689,254. Li Auto has a 1 year low of $17.44 and a 1 year high of $33.12. The firm has a fifty day moving average price of $25.34 and a 200-day moving average price of $24.96. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.64 and a current ratio of 1.76. The company has a market capitalization of $29.13 billion, a price-to-earnings ratio of 20.61, a price-to-earnings-growth ratio of 3.27 and a beta of 0.95.

Li Auto (NASDAQ:LI - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.09 by ($0.01). Li Auto had a return on equity of 13.03% and a net margin of 7.20%. The firm had revenue of $3.53 billion for the quarter, compared to analysts' expectations of $3.45 billion. During the same quarter last year, the firm posted $1.21 earnings per share. Li Auto's quarterly revenue was up 1.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Li Auto will post 0.96 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its stake in Li Auto by 459.3% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,923,620 shares of the company's stock worth $426,475,000 after purchasing an additional 13,897,555 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Li Auto by 1.3% in the fourth quarter. Renaissance Technologies LLC now owns 7,800,639 shares of the company's stock valued at $187,137,000 after acquiring an additional 99,539 shares in the last quarter. Brilliance Asset Management Ltd. raised its stake in shares of Li Auto by 0.7% in the fourth quarter. Brilliance Asset Management Ltd. now owns 3,508,642 shares of the company's stock valued at $84,172,000 after acquiring an additional 24,416 shares in the last quarter. RWC Asset Advisors US LLC raised its stake in shares of Li Auto by 20.0% in the fourth quarter. RWC Asset Advisors US LLC now owns 3,181,050 shares of the company's stock valued at $76,313,000 after acquiring an additional 530,390 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Li Auto by 133.3% in the first quarter. Goldman Sachs Group Inc. now owns 2,636,156 shares of the company's stock valued at $66,431,000 after acquiring an additional 1,505,991 shares in the last quarter. 9.88% of the stock is currently owned by institutional investors and hedge funds.

Li Auto Company Profile

Li Auto Inc operates in the energy vehicle market in the People's Republic of China. It designs, develops, manufactures, and sells premium smart electric vehicles. The company's product line comprises MPVs and sport utility vehicles. It offers sales and after sales management, and technology development and corporate management services, as well as purchases manufacturing equipment.